A Company Records a Gain on Bargain Purchase of $40

question 19

Multiple Choice

A company records a gain on bargain purchase of $40 000 on the acquisition of a subsidiary.Assuming there are no other tax adjustments for any companies,if the trading profit of the group before tax were $140 000,and given a tax rate of 30%,the group income tax expense would be:

• A) $42 000.
• B) $54 000.
• C) $30 000.
• D) none of the above.

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Correlation Coefficients

A metric showing how much two or more variables change in relation to one another.

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The act of forecasting future events based on current or past trends, patterns, or data.

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